Will a Rental Crackdown Reset DVC Resale Prices?

[CWTC]

It wouldn't cost DVC anything, it would come out of our dues.

Exactly. I would much rather our dues go to something else than adding cast members to make changes to reservations on the phone when it could be done online.

And I'm guessing they would not add any CM's to their staff to accommodate the increase in calls. People would just have to wait.

Yes, we would have to wait on hold to ask a cast member to do something that we could have done ourselves online. I would be unhappy if I had to take time out of a workday or any day actually to on hold with DVC to add a day to my reservation.

 

[Matty B13]

Personally, I hope everyone who owns DVC starts walking every reservation whether they need to or not. It will be a most enjoyable experience for everyone involved.

I think this is already happening.......

 

[eandt]

Exactly. I would much rather our dues go to something else than adding cast members to make changes to reservations on the phone when it could be done online.


Yes, we would have to wait on hold to ask a cast member to do something that we could have done ourselves online. I would be unhappy if I had to take time out of a workday or any day actually to on hold with DVC to add a day to my reservation.

Exactly … you know who would have time to sit on hold waiting to make modifications? Those who are in the business of renting for profit …

 

[AnnaKristoff2013]

I think it would be a real shame if the rental market tanked completely. For me, it's one of the brilliant flexibilities that makes DVC stand-out against a typical timeshare.

They don’t need to shut down the rental market completely. If they just get rid of the major players that are. Buying, stripping, renting, and selling contracts they will make a huge impact. As far as I know there is really only one player doing that right now.

 

[AnnaKristoff2013]

Could you walk me through how restricting for profit commercial rental owners affects the resale pricing

When Wyndham cracked down on commercial renting all the former commercial renters flooded the market with their resale contracts, driving prices down.

 

[BeachClub2014]

Exactly. I would much rather our dues go to something else than adding cast members to make changes to reservations on the phone when it could be done online.


Yes, we would have to wait on hold to ask a cast member to do something that we could have done ourselves online. I would be unhappy if I had to take time out of a workday or any day actually to on hold with DVC to add a day to my reservation.

Agree. I would not want my dues increased for additional staffing to handle telephone reservations and MUCH prefer being able to handle these transactions online.

Having said that, an easy "fix" to the reservation walking concern is to charge an escalating change fee for reservations. The more changes you make, the more it costs. But, many of the same owners who complain about spec rentals, walking reservations, and rental companies grabbing all the premium rooms would lose their minds if DVC started charging a change fee.

 

[T00dles]

Personally, I hope everyone who owns DVC starts walking every reservation whether they need to or not. It will be a most enjoyable experience for everyone involved.

That's why we own December use year --- we can walk all year to get to Thanksgiving! Most enjoyable experience, indeed.

 

[eandt]

Agree. I would not want my dues increased for additional staffing to handle telephone reservations and MUCH prefer being able to handle these transactions online.

Having said that, an easy "fix" to the reservation walking concern is to charge an escalating change fee for reservations. The more changes you make, the more it costs. But, many of the same owners who complain about spec rentals, walking reservations, and rental companies grabbing all the premium rooms would lose their minds if DVC started charging a change fee.

I would lose my mind for sure, Disney gets enough of my money … the mass renters would just pass on the cost to their customers …

 

[BeachClub2014]

I would lose my mind for sure, Disney gets enough of my money … the mass renters would just pass on the cost to their customers …

Of course, they would try to do so, but escalating rental costs would become less attractive to the consumer at a certain point.

My point is this: there's always a huge debate over how to stop walking reservations, spec reservations, and commercial renting. There is much wringing of hands and gnashing of teeth about these practices, and yet every suggestion to mitigate these things is met with disdain by some.

Do I think the proliferation of reservation walking, spec reservations, and commercial renting is a problem? Yes, I do. And, if the new, additional language in the CFW docs is any indication, so does DVC. It will be interesting to see what they do, if anything, with this new language.

 

[eandt]

Of course, they would try to do so, but escalating rental costs would become less attractive to the consumer at a certain point.

My point is this: there's always a huge debate over how to stop walking reservations, spec reservations, and commercial renting. There is much wringing of hands and gnashing of teeth about these practices, and yet every suggestion to mitigate these things is met with disdain by some.

Do I think the proliferation of reservation walking, spec reservations, and commercial renting is a problem? Yes, I do. And, if the new, additional language in the CFW docs is any indication, so does DVC. It will be interesting to see what they do, if anything, with this new language.

I’m not sure why folks feel Disney wants to stop walking …Disney literally told me how to do it …walkers have no bearing on them … seems to me they answered any complaints about walkers by making guaranteed weeks available for sale (at a premium of course)

Disney wanting to stop commercial renters in order to protect Disney interest in selling direct points or renting their own points at a premium I totally understand but no need to pass on the cost of protecting their own interests to me.

 

[Sandisw]

It wouldn't cost DVC anything, it would come out of our dues. And I'm guessing they would not add any CM's to their staff to accommodate the increase in calls. People would just have to wait. I like the ability to do most changes
on-line, but I think people use it way to much because it is so easy. People on disboards talk about making daily modifications to plans all the time, but would they do this if they had to call in or wait till all their plans were settled. If you eliminate the large rental companies, I think there probably plenty of availability to make these modifications when needed. Seems like a lot of people hold a lot of rooms just in case of a certain event or person might show up, causing the limited availability.

They a responsibility to run our program with reasonable level of support. If every modification requres a call, and they don’t increase staffing, you will hour or longer waits…like we did post Covid when staffing was short.

Owners were livid then and would be now for taking away something that doesn’t need to be taken away.

It’s a step backwards for a small problem that impacts a few room types and for a few key times of the year.

As an owner, would not be happy to see any change to the online system in that way.

 

[Sandisw]

Agree. I would not want my dues increased for additional staffing to handle telephone reservations and MUCH prefer being able to handle these transactions online.

Having said that, an easy "fix" to the reservation walking concern is to charge an escalating change fee for reservations. The more changes you make, the more it costs. But, many of the same owners who complain about spec rentals, walking reservations, and rental companies grabbing all the premium rooms would lose their minds if DVC started charging a change fee.

I do not believe they can implement a fee for changing reservations for home resort bookings.

And, they can’t increase dues to cover more staffing. We pay a straight 12% to DVC and they have to make that work.

That is why they wouldn’t go backwards or add new CMs to cover because it eats into that 12% fee. And there is no way any of that is in the best thing for the members as a whole

 

[Genie+]

The problem with walking is DVC contracts say first come first serve with home priority starting at 11 months.

The fact that anybody can walk does not matter. What matters is I have a contract that says fcfs at 11m, but that is not true when a high volume of points are being booked prior and walked. My contract says nothing about possibly needing to invest extra time and energy to get fcfs at 11m.

Eta - It doesn’t say I need to show up at 13m or 15m. It implies showing up at 11m and taking your chances.

 

[BeachClub2014]

I do not believe they can implement a fee for changing reservations for home resort bookings.

And, they can’t increase dues to cover more staffing. We pay a straight 12% to DVC and they have to make that work.

That is why they wouldn’t go backwards or add new CMs to cover because it eats into that 12% fee. And there is no way any of that is in the best thing for the members as a whole

Where does it say that?

 

[Nikkimouse44]

I have so many thoughts and feelings about this.

On one hand, I do not think I would have become a DVC pretend owner (still waiting on my welcome email so I do not consider myself a real owner yet) if I never stayed at any of the DVC properties. We have family who were DVC members, who let us "rent" her points for very cheap on 2 separate occasions so we were able to stay at the Poly and AKL.

I also feel like there will be times that we would not be able to use all our points even with banking, so rather them go to waste, I would not mind having someone who would like to use them "rent" them from me - but for personal use - so I do like the aspect of that

What I do not like is the people who purchase 825730593759 points to scoop up rooms to book and then list them on whatever site. And then when I go to look at dates, my dates are red but low and behold there is a confirmed reservation being sold for those dates right at the 11 month mark. So me as an owner who bought points and pay dues cannot book my resort because bots or whatever scoop them up and list confirmed reservations for a profit - which is what I think most of what people in this thread are saying they do not like and what needs to stop.

Renting points to not lose them every now and again is one thing, letting people try the product before they buy it (similar to how we did) is good. But making it frustrating for owners to use the product they bought when people abuse the system could be getting out of hand and maybe enough owners let Disney know?

 

[MarkNC2Disney]

So me as an owner who bought points and pay dues cannot book my resort because bots or whatever scoop them up and list confirmed reservations for a profit - which is what I think most of what people in this thread are saying they do not like and what needs to stop.

Yeah, I would never consider owning at several resorts, such as AKV and BWV, because the competition for highly valuable rooms is so fierce because I’m competing against commercial entities (plus all the other average Joe’s).

That’s a problem that creates distortions and threatens the entire system.

 

[CWTC]

So me as an owner who bought points and pay dues cannot book my resort because bots or whatever scoop them up

Ok this is a really dumb question on my part but I’ve seen this mentioned across many threads. Do the big rental companies have computer programs/scripts that will autobook when 8am rolls around? Or do they have super fast fiber internet and employees who are paid to snag the reservations? I realize it’s immaterial to the discussion - bots vs employees - but I am really curious.

 

[Ruttangel]

Yeah, I would never consider owning at several resorts, such as AKV and BWV, because the competition for highly valuable rooms is so fierce because I’m competing against commercial entities (plus all the other average Joe’s).

Haha, I own both, it’s a real pain but I’ve got the rooms I wanted 5 times out of 6.
Longest walk was 5 months, whew

 

[DL1WDW2]

I can’t imagine walking for 5 months !

Maybe this is a complication of the new TRUST US and it needs to be defined in more legal terms before Disney can prepare the announcement .
I mean the math has to be more beneficial to Disney but also continue to allow them to make it sound like an improvement for all…

 

[jimmymc]

I don't think prices will tank because of ROFR, that's the whole reason Disney has it. But if one or two big rental agencies get shut down, I could see the resorts evening out.